FEMA

Querist :
Anonymous
(Querist) 23 March 2010
This query is : Resolved
an indian origin having NRE A/c in India citizenship of UK want to Donate a sum of Rs. 50 lacks to a public registered Trust for construction of mosque - is attract FEMA or not please answer with reasons
Kumar Thadhani
(Expert) 24 March 2010
Neceesary permission has to be obtained from RBI under FEMA.